Mortgage Insurance

The MI figure in pricing scenarios is an estimate. Actual MI premiums are loan-amount dependent, and running them in real time would significantly slow pricing turn times. On live loans, Pylon pulls quotes from multiple major MI providers (including MGIC), and the final MI figure appears on the preview Loan Estimate. If an MI estimate appears unusually high, please contact your account manager.

Sales price, loan amount, FICO score, number of borrowers, ZIP code, DTI, and first-time-homebuyer status are required to generate an MI quote.

Pylon currently uses Enact and Arch for mortgage insurance. Radian, MGIC, and Essent are being added.